This paper documents the reversal of pension privatization and the reforms that took place in the 1990s and 2000s in Hungary. The report analyses the political economy of different reform proposals, and the characteristics of the new pension system, including laws enacted, coverage, benefit adequacy, financing and contribution rates, governance and social security administration, social dialogue, positive impacts and other key issues of Hungary’s pension system.

Tags: social protection, social security, pension schemes, social security financing